IBM’s stock closed at $177.64, up by 0.92% from the previous session. It outperformed the S&P 500 but lagged behind the Computer & Technology sector. Analysts are expecting IBM to report EPS of $2.17 and revenue of $15.58 billion in its upcoming earnings release on July 24, 2024. The Zacks Consensus Estimates for the full year are projecting earnings of $9.90 per share and revenue of $63.04 billion. Recent estimate changes show analysts’ positivity towards the company’s business operations. The Zacks Rank system rates IBM as a #4 (Sell) stock. IBM is currently trading at a forward P/E ratio of 17.78, higher than the industry average of 12.96. The PEG ratio for IBM stands at 4.34, indicating its expected earnings growth trajectory. The Embedded Computer Systems industry, to which IBM belongs, is ranked at 170 out of 250+ industries, in the bottom 33%. Monitoring these stock-influencing metrics is important for investors. Zacks Investment Research provides further stock analysis and recommendations for investors.
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https://finance.yahoo.com/news/ibm-ibm-outperforms-broader-market-214519079.html
